As Arsenal prepare for a vital league game at Spurs, it looks as if the battle for control of the club is entering its final phase. Former board member Lady Nina Bracewell-Smith has announced that she is selling her 15.9 per cent stake. She has appointed New York-based private equity firm Blackstone to advise her which may be a signal that she does not want to make a straightforward sale to Stan Kroenke. Her family has been associated with the club since 1938.
As Arsenal prepare for a vital league game at Spurs, it looks as if the battle for control of the club is entering its final phase. Former board member Lady Nina Bracewell-Smith has announced that she is selling her 15.9 per cent stake. She has appointed New York-based private equity firm Blackstone to advise her which may be a signal that she does not want to make a straightforward sale to Stan Kroenke. Her family has been associated with the club since 1938.
Kroenke is ten shares short of the 30 per cent level that would require him to launch a bid for the club. If he could buy Lady Bracewell-Smith’s holding he would have effective control It has been reported that he is considering sell his 40 per cent stake in St,Louis Rams NFL team which would help to finance a bid. Pakistan-based businessman Shahid Khan has made a $750m offer,
The club is valued at £622m at current share prices.